Acronis Acquired T-Soft From Bulgaria

Acronis International GmbH expanded its R&D operations in Europe through the strategic acquisition of software engineering company T-Soft, Ltd.

The Sofia-based subsidiary will change its name to Acronis Bulgaria.

The acquisition is the result of a successful partnership between the two companies. T-Soft has been providing Acronis with software development services since 2012, enhancing the quality of Acronis’ products and augmenting the effectiveness of its engineering teams.

“We have some of the best and brightest software engineers in Bulgaria, performing at the highest standards. We’re proud to join the Acronis team and continue our work as part of the world’s leading cyber protection corporation,” said Plamen Toshev, MD, Acronis Bulgaria.

“Acronis needs more engineers to develop the innovative technologies that can satisfy the growing need for cyber protection. As part of our growth strategy, we are increasing our presence in Europe, and Sofia, Bulgaria felt like a logical step for us. We already had a local partner with great engineers located here. We’re going to build on their success to grow our R&D activities in Europe. It’s a great place to access the European talent pool,” said Serguei Beloussov, founder and CEO, Acronis.

Acronis plans to expand the existing team to 300 engineers, investing $50 million over the next three years to establish an R&D center in Europe that is focused on cyber protection. The new technology developed in Sofia will advance Acronis’ solutions to provide easy, efficient, and secure protection for all data, applications and system. T-Soft has contributed to the development of Acronis’ file sync and share technologies, and now Acronis Bulgaria will continue developing this product line. There are also plans to build web and quality assurance teams in Bulgaria.

The company will also engage in active collaboration with local universities and educational institutions to provide training skill improvement in the IT sector.

About T-Soft
It’s a software services company located in Sofia, Bulgaria. It started in 2005 providing efficient manual and automated software testing services with the objective of enhancing the quality of the software products and systems its clients developed, while reducing the overall costs. As a natural extension of the know-how, accumulated during the testing process, T-Soft added software development, technical support and technical writing to its portfolio of services. During its 12 years of existence, its team has accumulated experience working on complex projects for large and small software development companies located in the USA, Western Europe, Israel and Bulgaria.